What is SingularityNET Token (AGIX)?

SingularityNET (AGIX) is a platform powered by the blockchain that enables anyone to effortlessly "build, share, and monetize" Artificial Intelligence services. The marketplace of SingularityNET encourages users to browse, assess, and buy those AI services, utilizing the native token of SingularityNET, known as AGIX. 

The SingularityNET team pioneered the evolution of Artificial Intelligence which is recognized as being the most expensive robot in the world, known as Sophia. The goal of SingularityNET is to allow Sophia to comprehend human language and consistently develop "OpenCog completely." Open Cog is a framework of Artificial Intelligence and is a diverse grouping of cognitive algorithms, each of those algorithms symbolizing their innovation

SingularityNET offers an automated process that allows every business to associate existing tools of Artificial Intelligence with producing the solution it requires. Additionally, the platform optimizes for customization and accessibility. 

SingularityNET is considered the fundamental platform that has made it easier for every developer to trade their AI tools and libraries. The platform allows buyers to examine any service related to Artificial Intelligence given on the marketplace to analyze whether their needs are met before making their payment. Another unique functionality of SingularityNET is that those who need specific services of AI can also tap an extensive community of AI experts of SingularityNET via RFAI (Request for AI portal). RFAI enables the buyers to easily commission a new tool of AI so that the developers can earn AGIX tokens to fulfill these requests.

The AGIX native token is based on ERC-20. The platform is powered or supported by the Ethereumproof-of-work, a consensus mechanism.

History of SingularityNET Token

The official whitepaper of SingularityNET was released in February 2019. The platform of SingularityNET was initially announced in 2017, by Dr. Ben Goertzel, the CEO and the chief scientist of the organization, along with Dr. David Hanson and Simone Giacomelli. The platform has a broad team comprising developers, AI scientists, engineers, and researchers. The birth of SingularityNET took place from a collective will to dispense the power of Artificial Intelligence.